Lazy ITM or Turbo ITM?

Heather Cullen

Heather Cullen

Author
In The Money

In The Money Heather Cullen SPY ITM update Turbo ITM

If you are trying to decide whether follow the Turbo ITM or roll your option or stick with the Lazy ITM, i have made a graph that may help you decide.
At today’s prices you could roll your 225 Sep 21 option (worth  $186.20) for two 325 Jan 22 options. The chart below show the different it would make to your account.
If you stay with the Lazy ITM you are still going to be making money. If you roll out and up you are going to make even more money – but of course increased returns come with more risk. If SPY goes down you will lose more than you would with Lazy ITM.
The chart above should help you decide what you want to do. Any questions just email me. 

 

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